Title
Consider/Discuss/Act on a Resolution Amending the 2011-2015 Capital Improvements Program for Traffic Projects TR8144 and TR4037
Summary
MEETING DATE: September 6, 2011
DEPARTMENT: Development Services / Engineering
CONTACT: Jack E. Carr, P.E., Director of Engineering
Gary Graham , P.E., PTOE, Transportation Engineering Manager
RECOMMENDED CITY COUNCIL ACTION:
· Approval of the Resolution.
ITEM SUMMARY:
· This Resolution amends the 2011-2015 Capital Improvements Program by adjusting the projects funded by the North Central Texas Council of Governments grant as follows:
o Decrease the amount of grant funds allocated to Fiber Optic / Intelligent Transportation System Phase 1 (TR8144) by $67,653 and increase the amount of GO Bonds in TR8144 by the same amount.
o Add grant funds in the amount of $67,653 to the funding source for Traffic Signalization #2 (TR4037) and decrease the amount of GO Bonds in TR4037 by the same amount.
BACKGROUND INFORMATION:
· The City of McKinney received a grant in the amount of $626,121from the North Central Texas Council of Governments for traffic signal system improvements.
· This grant provides funds for traffic signal communication software and traffic control center hardware and software.
· The grant funds have been incorporated into the Capital Improvements Program in the Fiber Optic / Intelligent Transportation System Phase 1 (TR8144).
· The Fiber Optic / Intelligent Transportation System Project is nearly completed and the total amount of grant-eligible expenses will not consume all available grant funds; therefore, grant funds remain available to fund additional eligible traffic signal system improvements.
· The work proposed in Traffic Signalization #2 (TR4037) is eligible to be funded by these grant funds.
· The transfer of grant funds from (TR8144) into (TR4037) and the transfer of GO Bond funds from (TR4037) into (TR8144) requires a CIP amendment to effect the change.
FINANCIAL SUMMARY:
· This CIP am...
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